B2GOLD CORP. Condensed Interim Consolidated Financial Statements For the three and six months ended June 30, 2025 (Unaudited) B2GOLD CORP. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF OPERATIONS FOR THE THREE AND SIX MONTHS ENDED JUNE 30 (Expressed in thousands of United States dollars, except per share amounts) (Unaudited) | | | For the three | | For the three | | For the six | | For the six | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | months ended June 30, 2025 | | months ended June 30, ...

Core Viewpoint - B2Gold Corp (BTG) is expected to report significant growth in second-quarter 2025 earnings, with estimates indicating an increase to 15 cents per share from 6 cents a year ago, reflecting a 15.4% upward revision in the last 60 days [1][5]. Earnings Estimates - The Zacks Consensus Estimate for BTG's second-quarter earnings is 15 cents, with a historical trend showing a positive revision of 15.38% over the past 60 days [2][5]. - The current estimates for future quarters are 0.58 for F1 and 0.59 for F2, with respective increases of 11.54% and 20.41% [2]. Earnings Surprise History - B2Gold has a mixed earnings surprise history, with one earnings beat in the last four quarters and an average negative surprise of 38.9% [3][6]. Factors Influencing Performance - Higher gold prices and increased production from the Fekola mine are expected to positively impact BTG's revenue for Q2 2025 [5][10]. - The upward trend in gold prices is attributed to geopolitical tensions, a depreciating U.S. dollar, potential monetary policy easing, and central bank purchases [7][8]. - BTG anticipates recovering lost production at Fekola in 2025, aided by an agreement with the Mali government for quicker permit issuance [9]. Cost Pressures - Despite the positive revenue outlook, BTG faces cost inflation pressures across all sites, affecting input prices such as reagents, fuel, and labor costs, which may impact profit margins [10]. Share Price Performance - BTG shares have increased by 30.5% over the past year, compared to the industry's growth of 46.8% [11].

Core Insights - B2Gold Corp. has received approval from the State of Mali to commence underground operations at the Fekola Mine, marking a significant milestone for the company to enhance its production capacity [1][11]. Company Overview - The Fekola Complex includes the Fekola Mine, where B2Gold holds an 80% stake, and the State of Mali owns 20%. The complex also encompasses the Fekola Regional area, which is 65% owned by B2Gold and 35% by the State of Mali [2]. Production and Financial Projections - Underground operations at the Fekola Mine have begun, with stope ore production contributing an estimated 25,000 to 35,000 ounces of gold in 2025, with further increases expected from 2026 onward. The overall gold production guidance for the Fekola Complex in 2025 is set at 515,000 to 550,000 ounces [4][11]. - The Fekola Mine produced 93,805 ounces of gold in the first quarter of the year [4]. Future Developments - B2Gold and the State of Mali are collaborating to finalize the approval for the Fekola Regional exploitation permit, anticipated before the end of Q3 2025. This development is expected to enhance production and extend the mine's operational life [5][11]. - Fekola Regional is projected to add approximately 180,000 ounces of gold annually during its first four years of production from 2026 to 2029, with a mine life extending into the 2030s [6]. Market Performance - B2Gold's stock has increased by 41% year-to-date, compared to a 55.7% growth in the Zacks Mining – Gold industry. The Basic Materials sector has risen by 8.3%, while the S&P 500 has gained 5.7% [10]. - The stock is currently trading at a forward 12-month earnings multiple of 5.86X, which is below the industry average of 12.26X, and holds a Value Score of A [12]. Earnings Estimates - The Zacks Consensus Estimate for B2Gold's 2025 sales is $3.08 billion, reflecting a year-over-year growth of 61.8%. The earnings estimate for the same year is 58 cents per share, indicating a significant year-over-year growth of 262.5% [13]. - For 2026, the sales estimate implies a modest growth of 0.91%, while earnings are expected to grow by 1.97% [13].

Group 1 - B2Gold (BTG) closed at $3.37, reflecting a +1.51% change from the previous day, outperforming the S&P 500's daily loss of 0.37% [1] - Over the past month, B2Gold shares have depreciated by 9.29%, underperforming the Basic Materials sector's gain of 0.13% and the S&P 500's gain of 2.68% [1] Group 2 - B2Gold's upcoming earnings report is scheduled for August 7, 2025, with analysts expecting earnings of $0.12 per share, indicating a year-over-year growth of 100% [2] - For the full year, Zacks Consensus Estimates project earnings of $0.58 per share and revenue of $3.08 billion, representing changes of +262.5% and +61.77% from the prior year [3] Group 3 - Recent revisions to analyst estimates for B2Gold are important as they reflect short-term business trends, with positive revisions indicating optimism about the business outlook [3][4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows B2Gold currently holds a Zacks Rank of 3 (Hold) [5] Group 4 - B2Gold is trading at a Forward P/E ratio of 5.72, which is lower than the industry average Forward P/E of 11.72, suggesting it is trading at a discount [6] - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 43, placing it in the top 18% of over 250 industries [6][7]

VANCOUVER, British Columbia, July 30, 2025 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce the receipt of approval from the State of Mali to begin underground operations, including stope ore production, at the Fekola Mine in Mali (“Underground Mining Approval”), a key production growth driver for the Fekola Complex. The Fekola Complex is comprised of the Fekola Mine (Medinandi permit hosting the Fekola and Cardinal open pits and Fe ...

Company Overview - B2Gold (NYSE: BTG) is a gold mining company that is currently valued attractively with strong expected revenue and earnings growth [1] - The stock is experiencing a new positive uptrend on the long-term monthly chart [1] Investment Strategy - The focus is on growth and momentum stocks that are reasonably priced and likely to outperform the market over the long term [1] - The investment approach emphasizes long-term quality stocks and the use of options as a strategy [1] Historical Performance - The article references a significant market recovery, noting that the S&P 500 increased by 367% and the Nasdaq by 685% from 2009 through 2019 following a recommendation to buy at the bottom of the financial crisis [1]

B2Gold (BTG) closed at $3.41 in the latest trading session, marking a -1.16% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.54%. At the same time, the Dow added 0.52%, and the tech-heavy Nasdaq gained 0.74%. Heading into today, shares of the gold, silver and copper miner had lost 6.76% over the past month, lagging the Basic Materials sector's loss of 0.05% and the S&P 500's gain of 4.2%.The upcoming earnings release of B2Gold will be of great interest to investors ...

VANCOUVER, British Columbia, July 15, 2025 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) will release its second quarter 2025 financial results after the North American markets close on Thursday, August 7, 2025. B2Gold executives will host a conference call to discuss the results on Friday, August 8, 2025, at 8:00 am PT / 11:00 am ET. Participants may register for the conference call here: registration link. Upon registering, participants will receive ...

VANCOUVER, British Columbia, July 15, 2025 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) (“B2Gold” or the “Company”) will release its second quarter 2025 financial results after the North American markets close on Thursday, August 7, 2025. B2Gold executives will host a conference call to discuss the results on Friday, August 8, 2025, at 8:00 am PT / 11:00 am ET. Participants may register for the conference call here: registration link. Upon registering, participants will receive ...

After-Tax NPV (5%) of $941 Million with an After-Tax IRR of 22.4% at $2,500 / oz After-Tax NPV (5%) of $1,716 Million with an After-Tax IRR of 33.5% at Spot Gold ($3,300 / oz) VANCOUVER, British Columbia, July 14, 2025 (GLOBE NEWSWIRE) -- B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) ("B2Gold" or the "Company") is pleased to announce the positive results of a Feasibility Study ("FS") on its 100% owned Gramalote gold project located in the Department of Antioquia, Colombia (the "Gramalote Project"). ...